MXC has launched ZVC in “PoS Stakings” at 12:00 (UTC+8), September 17 with a limited amount of 1.8 million. The announcement is here: https://bit.ly/2kOXtNF
Since the locking period for ZVC PoS is relatively long, ZV Chain offers buy-back mechanism, i.e. buy back the principal of users after it becomes mature, to protect the interest of participants. The specifics are below:
- Buy-back price: 0.21USDT/ZVC
- Quantity: not greater than the amount of the principal the users participated in ZVC PoS (excluding the yield from the ZVC PoS Pool)
Therefore, participants can either choose to continue ZVC PoS or sell the principal at least at the price of 0.21 USDT/ZVC after it becomes mature.
Note: The yield of ZVC PoS is distributed on a daily basis. The first day’s yield will be distributed on the next day, and so on and so forth.
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Enjoying your trade on MXC.
The MXC team
September 16, 2019